Pre-existing conditions

In the same way you cannot buy fire insurance while your house is burning, most insurers will not cover you for IP infringement that you know about – or should have known about. Underwriters will often do patent searches, litigation searches, and competitive analysis to uncover the risks of your IP – either the risk…

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What other services come with patent insurance?

Each patent insurance company has its own suite of services. In general, insurance companies want to minimize their risk exposure, so it makes sense for them to help you in many different ways. Some companies will – for free, as part of your enforcement policy – send letters to possible infringers. These letters are from…

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Why use an independent broker?

An independent insurance broker does not work for any insurance company. We work for you. Our job is to negotiate a policy that fits your needs, not sell you a policy that benefits the insurance company. Each of the dozen or so providers for IP-related insurance has a particular interest. Some companies like semiconductor IP,…

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Can I purchase BlueIron’s insurance through my insurance agent?

Yes! BlueIron is a licensed insurance agent, and acts as an insurance wholesaler for many brokers and agents. Please have your insurance agent contact us. If you do not have an agent, you can purchase insurance directly through BlueIron. BlueIron does not provide any other insurance other than Intellectual Property related insurance.

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Who is the insurance carrier for patent insurance?

We offer IP-related insurance from over a dozen different insurance companies. One of the benefits of being an independent broker is that we can pick from many providers so you get the coverage that works best for you. For example in patent insurance, some carriers prefer troll-only insurance, while other carriers prefer competitor-only insurance without…

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Can I use my own attorneys under patent insurance?

Absolutely.  We know you have good relationships with your attorneys, and we are happy that you want to use them. Our only requirement is that the attorneys have prior first-chair experience in intellectual property litigation in federal court.  If your attorney does not have this experience, we are happy to recommend attorneys who do. We…

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Who controls enforcement of my patent?

With our patent enforcement insurance policies YOU control all aspects of how to enforce your patent.  Sometimes you may wish to strongly enforce their patent to prevent a specific competitor from operating in your space.  Other times, you may want to obtain a license agreement from a competitor.  Still other times, you may want to…

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What does patent insurance cost?

Patent insurance comes in two basic forms: patent enforcement and patent defense.  Enforcement is where someone infringes your patent and you need to enforce your rights.  Defense is when someone else accuses you of infringing their patents.  This can be a competitor or a patent troll. Enforcement insurance typically costs about 1-1.5% per year of…

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